GSI Technology Shares Slide 7% Despite New Government-Funded AI Security Project
GSI Technology, Inc. (GSIT) shares traded down 7.29 percent, or 7.12 on Wednesday, despite the company announcing a new proof-of-concept engagement with two government agencies. The drop happened despite GSI announcing a partnership with Israel's G2 Tech for the Sentinel project, which is an autonomous security system that utilizes drones and cameras. This initiative has support from the U.S. Department of War and a foreign government.The stock opened at $7.96, compared with a previous close of ...